Archive for the ‘Real Estate’ Category

Losing out on multiple offers? How about a new home?

Monday, November 16th, 2020

By Patrick McCarran, Real Estate Broker

Multiple offers and bidding wars getting you down?  Then you may want to consider a new construction home. Many builders have available models when you walk in and you can make an offer. You can get an answer quickly without multiple bidders and escalation offer prices. Did you know that you can be represented by your own agent when you purchase a new home?

You may not think it is necessary to involve a real estate professional in a transaction where the buyer can deal directly with the builder. Think again! The builder’s agent is representing the builder’s best interest. As your buyer’s agent a Realtor can guide you along the right path, smooth the rough places and help ensure you make a decision you can live with (and in) for many years.

As your agent, the Realtor is representing your best interests. Just as a real estate professional calls on experience and knowledge of an area to help buyers locate re-sale homes in a community, the same applies to guiding buyers interested in new construction developments and communities that match your wants and needs.

Your agent can suggest builders based on their reputation for delivering a high-quality product, responding quickly to issues, and being financially sound. Your agent may be familiar with how a builder prices his products and where there may be room to negotiate price, additional items the builder may be willing to sweeten the deal with and help with which upgrades to purchase for resale.

Your agent can assist you as you face hundreds of design choices and consider which upgrades provide the best value in terms of resale and whether to upgrade from an outside vendor. The upgrades or options available will vary from builder to builder and the choices you make will depend on largely personal decisions. Often a buyer can pay far less after the home is built by contracting with a third party, but price is not always the only consideration. You need to consider the convenience, cosmetic ramifications and if it is even feasible to perform after the home is built.

The lender approval process may go smoother if your agent schedules visits, accompanies you to lenders, and helps expedite required documents.

When relocating to a new area, your agent can be a particularly valuable resource. In addition to providing local area information regarding schools, day care, elder care services, medical offices and doctors, public transportation, proposed development, and so on. Once construction is under way, your agent can periodically stop by the work site, supply you with progress reports, and photograph various phases of the    construction.

REMEMBER the builder will require your agent to accompany you on your first visit to the site. So, let your Realtor shop with you. It is not an inconvenience for them, it is their job.

By now, you should be convinced of a real estate professional’s value as you search and purchase a new construction home. Still, here’s one more great reason to work with an agent – the builder pays the agent’s commission. You enjoy individual attention and support at NO cost to you. What a great way to start life in a new home!

Patrick McCarran is a local Realtor and Broker DRE# 01325072. He can be contacted at pmccarran@yahoo.com, by phone or text at (925) 899-5536 or at www.CallPatrick.com. An independently owned and operated office. In association with Realty One Group Elite DRE# 0193160. Equal Housing Opportunity.

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Contra Costa Supervisors approve $17.4 million purchase of Motel 6 in Pittsburg as transitional housing for homeless

Thursday, October 22nd, 2020

Gov Newsom speaks at Motel 6 in Pittsburg to announce the state’s new Homekey program on Tuesday, June 30, 2020. Screenshot from press conference video.

$21.6 million total for program; approved as a consent calendar item and the last item on the agenda without discussion; no appraisals included; Glover, Kramer split on issue; appraises at $16.7 million

Motel 6 Pittsburg. Photo by Motel 6.

By Daniel Borsuk

The light will be left on for homeless, now at the Motel 6 in Pittsburg. Contra Costa County Board of Supervisors may have quietly went about unanimously approving $21.6 million for the purchase of the motel and almost two years of operations, as part of the state’s Homekey program to help the homeless find shelter, food, jobs and get social services, but the Board’s consent action on Tuesday also demonstrates how far apart two political candidates – longtime District 5 Supervisor Federal Glover and challenger Contra Costa County Assessor Gus Kramer – are on the issue of homelessness.

The agenda item was quietly acted on as a consent item, and the last on the agenda. There was no discussion on the item, nor were copies of the two appraisals by the county’s Public Works Real Estate Division included with the agenda. Attempts to obtain the appraised value for the property from members of the Board, County Administrator David Twa, and the Public Works Real Estate Division were unsuccessful prior to publication time. However, Supervisors Federal Glover, in whose district the motel is located, as well as Candace Andersen and Diane Burgis said they would work to provide the information. The only documents included with the agenda item were the purchase and sale agreement and deed of sale. Motel 6 Pittsburg – Purchase & Sale Agrmt final 10.12.20

Located at 2101 Loveridge Road in Pittsburg, the County, with the state’s financial assistance decided that acquisition of the Motel 6 will increase the number of shelter beds permanently available in East County from 20 beds to 174 beds, a 770 percent increase.  In addition to providing shelter, the program, funded under the state’s Home Key Program, would provide health care, behavioral health and other services to residents.

Contra Costa, along with the counties of San Francisco, Alameda and Santa Clara have now drawn state Homekey funds in the fight to solve homeless issues.

“This will be a great opportunity to get people off the street,” said Supervisor Glover who faces Kramer in a November 3rd face-off election because neither candidate drew enough votes to surpass 50 percent threshold of the total votes in the March election.  In that March election, the District 5 Board Seat had three candidates competing for the District 5 seat covering the communities of Antioch, Alhambra Valley, Clyde, Crockett, Hercules, Martinez, Mountain View, Pacheco, Pittsburg, Port Costa, and Rodeo – Glover, Kramer and Martinez businessman Sean Trambley – and no candidate had mustered votes exceeding 50 percent of the votes counted.  As a result, Glover and Kramer are in a run-off election on November 3.

The Contra Costa County Behavioral Department will operate the county’s Homekey program.

County Assessor Kramer, who must appear in Superior Court Judge John Cope’s court room on today, for a jury trial on civil “corrupt or willful misconduct” charges took a different view on the Board of Supervisors’ action to acquire the 174-room motel from OKC of Pittsburg for use as a homeless  facility.

Kramer lashed out at his political opponent Glover and other supervisors for spending $21 million.  “It’s a great program, but it is a waste of resources,” he said. “What a horrible investment.  Shame on the Board and Federal.”

Kramer did offer a potential solution to the homeless problem in the county and perhaps the state by creating camps like what occurred during the Great Depression where job, health and other public services would also be provided to individuals.

10/27/20 UPDATE: Asked for copies of the appraisal, Chief Assistant County Administrator Eric Angstadt responded, “I’m only aware of one appraisal. It was contracted out. I can give you what the topline is, but the appraisal is not available until after escrow closes.”

“The appraised value is $16.7 million at $96,000 per room,” he stated. “It’s 4.2% above the appraised value.”

Asked if the appraisal was done internally or contracted out, Angstadt said, “We always contract out appraisals. We have staff with real estate licenses. But I don’t believe we have any licensed appraisers on staff.”

“The state was very public about how much they were willing to pay at $100,000 per room,” he continued. “So, it didn’t leave us with much room to negotiate.”

“We have not signed the purchase and sale agreement, yet. That will happen once we finish the due diligence. We are working our way through all of it. It’s scheduled to close escrow on November 10th,” Angstadt added.

Orange COVID-19 Metric Next Week?’ 

Supervisors were informed that by next Tuesday the county should transition into the orange COVID-19 criteria, Contra Costa County Health Services Director Anna Roth said.  “We should meet the orange metric next week,” she said.  A move to an orange metric would mean the removal of further restrictions on some businesses.

Since the County declared a State of Emergency because of COVID-19 in March, there have been 18,214 cases and 236 deaths, Roth reported.

The health director encouraged the public to continue to wash hands, keep their distance, and stay home from work or school if they felt ill.

Four Abatement Actions

Supervisors acted on four abatement actions at the recommendations of the Conservation and Development Department.

Properties the Supervisors took action on were:

Property at 2738 Dutch Slough Road, Oakley, owned by Elmo G. Wurts, for $8,141.20; property at 0 Stone Road, Bethel Island, owned by Thanh Ngyyen for $6,964;  property at 4603 Gateway Road, Bethel Island, owned by Franks Marina for $5,591.20; and property at 3901 La Colina Road, El Sobrante, owned by Rudolph N. Webbe for $3,256.70.

Supervisors did not hear any comments from either property owners or the public on the abatement items.

Please check back later for any updates to this report.

Allen Payton contributed to this report.

 

 

 

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The American Dream: Home Ownership

Saturday, October 17th, 2020

By Patrick McCarran, Real Estate Broker

Is there still a value to owning a home? Can I still get down payment assistance? Is buying now a good idea? My answer is absolutely YES. I believe in home ownership and not because I sell them, actually I am in real estate   because of my belief in the value of owning real estate. America is one of a handful of countries where ANYBODY can own property, the PRIMARY reason to own a home is UNCHANGED.  The age of Corona will pass and America will recover    because that what we do. The WHY you should own is relatively easy. It seems like every day there are news reports of someone displaced by high rents or the building is sold to a new owner and they are forced to move. Rents are at a high and with the strong resistance to building they will continue to rise and be unpredictable, when you own you know what the payments will be and it your home not the landlord to dictate rules.

Mortgage interest will most likely remain the largest deduction for the middle class. Mortgage interest rates remain historically low and there is affair amount of inventory from which to choose. Long-term homeownership continues to be one of the best ways for the typical American to build wealth.

So, what’s holding you back? Down Payment? Many people are intimidated by the widely publicized 20-percent down-payment requirement. They don’t realize that there are many federal programs and other methods designed to help homebuyers with grants and secondary loans. Interest is at an all time low and this translates into increased buying power or lower payments.

For example, Freddie Mac and Fannie Mae have loans available to first-time buyers with as little as 3-percent down payment and the FHA has similar programs that require 3.5 percent down and payment. If you qualify there are a number of programs and grants that can help with the down payment.

With a seller credit for closing costs I have gotten buyers into a home for as little as $1500 out of pocket. For veterans, the VA program has no-down-payment loans available for qualifying military members and veterans that can close with almost no out of pocket money.

Why wait? What’s the worst that could happen if you buy a home now? You’ve already seen it, the 2007 mortgage crisis. It will take generations, if ever, before the government lets the banking systems get that far out of hand again. It is far more likely that home prices will steadily climb as they have been. So, don’t be blinded to the future by your past experiences.

The American population will continue to grow and build families of all types, creating more demand for housing. Don’t view your home as a trading vehicle or a one-way-up investment. Instead, look at the home-ownership benefits that are mostly forgotten by today’s potential homebuyers — the chance to build equity (instead of throwing rent down the drain) and the opportunity to customize your own environment.

That’s what has always motivated Americans to own their own home. And it isn’t going to change in the long run. Grab the American Dream now. Start building wealth and stability. Call a REALTOR or a Loan officer you have nothing to lose and everything to gain.

Patrick McCarran is a local Realtor and Broker DRE# 01325072. He can be contacted  pmccarran@yahoo.com, by phone or text at  (925) 899-5536 or at www.CallPatrick.com. An independently owned and operated office. In association with Realty One Group Elite DRE# 0193160. Equal Housing Opportunity.

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Better Homes and Gardens Real Estate deepens roots in county with office in Antioch

Thursday, November 2nd, 2017

Melody Royal from her Facebook page.

Better Homes and Gardens® Real Estate LLC announced this past week that Better Homes and Gardens Real Estate Royal & Associates, located in Antioch, California, is the newest member of its network.

Owned and operated by Melody Royal, the newly named Better Homes and Gardens Real Estate Royal & Associates serves the residential real estate market across the communities of Antioch, Pittsburg, Oakley, Brentwood, Discovery Bay, Knightsen, Bethel Island and Byron in Contra Costa County, approximately two hours east of San Francisco.

Royal has been a member of the Women’s Council of REALTORS® since 2016 and has been named a Five Star home professional.

The fresh, modern look of the Better Homes and Gardens Real Estate brand will enable Royal and her team to forge stronger connections with the area’s high volume of millennial and Gen X buyers, and prove an impactful recruiting tool that builds upon the brokerage’s reputation for fostering growth in a familiar working environment.

“From day one, Better Homes and Gardens Real Estate affords a striking freshness, offering renewed inspiration for my team, as well as a dynamic experience for consumers,” said Melody Royal, Owner, Better Homes and Gardens Real Estate Royal & Associates. “The brand offers unique tools that encourage a deep understanding of our clients, which align with our thorough approach to the real estate process. As we continue to explore the network’s broad suite of tools and resources, I’m thrilled to continue leveraging the brand appeal as a recruiting tool for organic growth.”

The communities served by Better Homes and Gardens Real Estate Royal & Associates are popular among buyers with San Francisco and Silicon Valley-based careers. While offering an affordable alternative to the Bay Area, the region also draws recreation seekers with its proximity to the San Joaquin River and the Diablo Mountain range.

The multilingual Better Homes and Gardens Real Estate Royal & Associates team members are able to work with the area’s melting pot of nationalities and cultures in a variety of languages.

“Better Homes and Gardens Real Estate Royal & Associates is committed to ensuring that every client has a close working relationship with its sales associates, offering unprecedented accessibility and a profound knowledge of the local market,” said Sherry Chris, President and CEO, Better Homes and Gardens® Real Estate. “We look forward to helping Melody Royal and her team further deepen these relationships in the dynamic Contra Costa County area, enabling Better Homes and Gardens Real Estate to continue its growth in Antioch and beyond.”

For more information, visit www.bhgroyal.com.

Click to Tweet:

Melody Royal & team join the @BHGRealEstate family as Better Homes and Gardens Real Estate Royal & Associates. #RealEstate

About Better Homes and Gardens® Real Estate LLC

Better Homes and Gardens Real Estate LLC is a dynamic real estate brand that offers a full range of services to brokers, sales associates and home buyers and sellers. Using innovative technology, sophisticated business systems and the broad appeal of a lifestyle brand, Better Homes and Gardens Real Estate LLC embodies the future of the real estate industry while remaining grounded in the tradition of home. Better Homes and Gardens Real Estate LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services.

The growing Better Homes and Gardens® Real Estate network includes approximately 11,000 affiliated sales associates and approximately 300 offices serving home buyers and sellers across the United States, Canada and the Bahamas.

Better Homes & Gardens® is a registered trademark of Meredith Corporation licensed to Better Homes and Gardens Real Estate LLC and used with permission. An Equal Opportunity Company. Equal Housing Opportunity. Each Better Homes and Gardens® Real Estate Franchise is independently owned and operated.

 

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Real Estate Answers: Protect your property and you

Thursday, July 7th, 2016

Patrick McCarran column logo 2015By Patrick McCarran, Better Homes and Gardens Mason-McDuffie

When your home is for sale, whether you are the owner or the tenant,  it is equally important that you be aware of security and take precautions to keep you and your valuables safe while your property is marketed for lease or for sale. While the property is on the market a variety of people including potential buyers, other Realtors, inspectors, and others will have access to your property. In anticipation you should take steps to make sure that your property is safe for such visits.

What are the threats that you should be aware of? The obvious threats are of course tangible items or personal property such as jewelry, decorative items and of course cash. It is recommended that jewelry, cash, important documents like “pink slips” and other valuables be placed in a safe deposit box while the property is being marketed for lease or sale. If you choose to keep any of your valuables in our property, we recommend that they be kept under lock and key so that no one but you has access to them. We often leave our wallets and loose cash on the dresser or in the closet but during the time the house is on the market it is a good idea to keep those things out of site and in a drawer. Prescription medications are another item that is targeted. Don’t keep those in medicine cabinet. To that end you should take precautions to protect your property so that it will not be damaged, lost, or stolen.

On a side note, most insurance policies a have a limit on the amount of cash that is covered usually around two thousands dollars. It is also important that if you have any rare or out of the ordinary items, such as an autograph picture of Elvis, you obtain a rider to insure full value. It is recommended that you consult your insurance company to be sure that your insurance coverage is adequate during the listing and escrow period for any losses which may occur including, but not limited to, personal injury, property damage and theft. Your policy may not provide the proper coverage if the property is vacant.

Perhaps the most valuable items is your family and you. It is common for potential buyers or renters to open windows and doors to check views and access. These doors and windows are not always re-locked and if they are seldom used by you then it may be overlooked so get in the habit of doing a security check as soon as you get home or before you go to bed.

Your Realtor will do everything possible to make the lease or sale of your property as convenient and safe as possible for you; however they don’t live in the house and cannot be responsible for your property or your insurance coverage. Make sure you take the necessary steps to protect your stuff, yourself and your family. As always if you have any questions feel free to give me a call or email for information. 

Patrick McCarran can be reached at (925) 899-5536, pmccarran@yahoo.com or www.CallPatrick.com. Mason-McDuffie Real Estate is an independently owned and operated franchise of Better Homes and Gardens Real Estate LLC. Equal Housing Opportunity.

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Real Estate Answers: Think spring, think maintenance

Monday, March 7th, 2016

Patrick McCarran column logo 2015By Patrick McCarran

Better Homes and Gardens Mason-McDuffie

Spring is a season of renewal. Before you know it the birds are singing and the flowers are beginning to burst into bloom. The days are getting longer and people are getting outdoors again. The weather is more cooperative so not surprisingly now’s a good time to do some spring maintenance to make sure your home is in tip-top shape.  Even if you aren’t planning to sell your home, you should still add these chores to your list to help preserve your home’s value and help avoid major repairs later on.

Walk Around the Outside

Check for any damage caused by winter’s cold weather. Look for those sagging, loose and leaking gutters. Now is a good time to clean out the gutters in time for spring showers. Is your roof missing any shingles, or is there any water damage under the eaves? A common nuisance is foliage growing in and on the roof, such as grass and weeds or tree overhanging. Check the valleys where the slope of the roof meets, this is a common area where debris forms or birds make a home and will cause leaks. Mother Nature is a formidable force and over time you’re your home will prove no match. Promptly schedule repairs for those items you can’t do yourself.

Walk around your yard as if you were a first-time visitor. What impression does your home make? Be sure to clear away fallen branches and leaves. Loosen the soil around perennials, plant annuals for a quick update. A great idea is a vegetable garden we have a great climate in the area and it is very rewarding to have food you grew yourself not to mention educational if you have children. Prune shrubs and trees to keep them manageable.

If your water supply has been off for the winter, turn it back on. Test your automatic sprinkler system or connect your water hose and check for cracks and leaks. Replace old washers or sprinkler heads.

Don’t forget the backyard! Is it time to condition your deck? Be sure to hammer in any loose nails, or replace them with galvanized deck screws. Replace any broken boards or rails. Consider renting a power washer to clean dirt and mildew from the wood, and then apply an all-weather sealer or stain. Then dust off that patio furniture you kept protected over the winter or give it a good cleaning if you did not.

Check your fences and repair any broken fence boards and paint or seal them as needed. It is a good idea to stain your fences once a year to extend the life of your fence. If you are just moving in what a great time to get started. Clean the pool if it has been covered all winter. Wash windows, screens and windowsills; repair any winter damage.

Take A Tour Inside

The first step in any successful endeavor is to make a list. Start by going around to each room and make a list of things to do in each room. Then dive in. Dust walls and ceilings to remove cobwebs and wash any grimy areas, don’t forget the ceiling fans. Wash window curtains or remove drapes for dry cleaning, dust the blinds. Deep clean rugs and carpets. Dust and polish wood or laminate floors. Don’t forget the kitchen cabinets with a little maintenance such as Old English can really extend the life of your cabinets and give the whole room a fresh look.

Check the central air-conditioning unit for debris and obstructions it is important to have good air flow for maximum efficiency and to prolong the life of the unit. Vacuum the main condenser coil on top of the unit. Check the operating condition of window air-conditioning units; remove and wash filters in mild soapy water.

Make sure all exhaust fans and vents are clean and clear. Don’t forget to remove the lint buildup from the clothes dryer vent.

One often-overlooked area is the fireplace. Be sure to sweep ashes carefully into your fireplace’s ash pit or into a dustpan. If you used it frequently then you may want to call a professional chimney sweep to have it cleaned and lower risk of fire. Clean and lightly oil fireplace tools.

Look around for clutter.  Are there items you don’t use any longer? If you are planning on moving, what items will you not need? Consider having a garage sale and then either donate or trash the remaining items.

And lastly, possibly the most important of all, don’t forget to replace batteries in smoke and carbon monoxide detectors even if they are not dead put some fresh ones in

(and remember to recycle the old ones). You may have missed it this year but in the future plan to change them when you change your clock for daylight savings.

Although performing these spring chores may be dreaded task, they go a long way in maintaining and even enhancing the attractiveness and quality your home.

Patrick McCarran can be reached at (899) 899-5536, pmmcarran@yahoo.com or www.CallPatrick.com. Mason-McDuffie Real Estate is an independently owned and operated franchise of Better Homes and Gardens Real Estate LLC. Equal Housing Opportunity.

 

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Real Estate Answers: Maximize your home’s value

Thursday, February 25th, 2016

Patrick McCarran column logo 2015By Patrick McCarran

It is a new year and spring is nearly here. One thing that has not changed this year is that most of the homebuyers in today’s’ market are looking for “turn key homes”, properties that don’t require a lot of work and a home that says “wow” to a buyer will still command top dollar and multiple offers.

Your goal is to get the buyer to say “wow” at least three times. First when they pull up to the house, aka curb appeal, next as they walk through the house and lastly as they leave. To accomplish this inspect both inside and outside the home. Make a list of repairs or upgrades include the little things and the larger things. Traditionally the staples for increased value are a fresh coat of paint on the walls, doors, and trim.  Paint the front door or at minimum give it a good cleaning. Powerwash the sidewalks, entry and driveways, add some fresh mulch around landscaping. Organize the closets and cupboards so they don’t looks stuffed. Take a look at the light fixtures, the bathroom and kitchen faucets. Repair dripping faucets and drains that aren’t operating or maybe they need updating. Think about upgrading to granite prices today are low and return is high. This is a great opportunity to update with minimal cost and excellent return. Remember it is often the little things such as burned-out bulbs, broken sockets or switches and loose railings. Replace torn screens, broken fencing and put a fresh coat of stain on the fences and the deck.

I recommend hiring a professional home inspector to thoroughly and impartially evaluate the property. A standard report will review the condition of the home’s heating system, central air conditioning, plumbing and electrical systems, the roof, attic, walls, ceilings, floors, windows and doors, the foundation, and visible structure.

By obtaining the pre-inspection it avoids any surprises and allows you to review and prioritize the list of repairs.

Staging is an excellent way of showcasing the positive attributes of your home to maximize return. This does not necessarily need to be a full blown redecorating of your home but can be as simple as the need to depersonalize the home. This does NOT mean taking down and hiding every personal picture but it does mean to minimize. Start packing that rare clown collection or the special teddy bear room. What may be “charming” to the seller may seem off-putting to a prospective buyer. The basics of staging are neutral but not plain, less is definitely more, let the light in, and remember to review all the rooms.

A home in good condition demonstrates pride of ownership. Taking the time to give your home a tune up and make it say WOW to a buyer this will go a long way in making sure that you get the most return out of your home. Please feel free to contact me for a free consultation and to help you develop an action plan.

Patrick McCarran can be reached at pmccarran@yahoo.com, by phone at (899) 899-5536, or online at www.CallPatrick.com. Mason-McDuffie Real Estate is an independently owned and operated franchise of Better Homes and Gardens Real Estate LLC. Equal Housing Opportunity.

 

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Real Estate Answers: Now is the time to buy low

Thursday, January 7th, 2016

Patrick McCarran column logo 2015By Patrick McCarran

Mason-McDuffie Real Estate

The primary reason to buy now is that mortgage rates are still at historic lows. This is driven largely by the continuing market corrections after the Fed pulled back on their bond purchases and the stock market continues to stabilize. However unbelievable low rates will not last forever and can increase literally overnight. The Fed has made it clear that they plan to continue to raise the prime rate and while this does not directly effect mortgage rates it will effect the banks bottom line and almost definitely trigger an increase in interest rates.

We tend to make financial plans looking backward, learning the lessons of our past experiences but ignoring the future. That’s why we don’t buy stocks at the “bottom” but instead when they are “hot”.

East Contra Costa housing is still in my opinion undervalued and not a “Hot Market”, yet.

The why you should own is relatively easy. Rents will continue to rise and are unpredictable, when you own you know what the payments will be and it your home not the landlord to dictate rules. Mortgage interest is still the largest deduction for the middle class. Mortgage interest rates remain historically low and there is affair amount of inventory from which to choose. Long-term homeownership continues to be one of the best ways for the typical American to build wealth.

So what’s holding you back? Down Payment? Many people are intimidated by the widely publicized 20-percent down-payment requirement. They don’t realize that there are many federal programs designed to help homebuyers, and even those who have lost their homes to foreclosure.
For example, Freddie Mac and Fannie Mae have loans available to first-time buyers with as little as 3-percent down payment and the FHA has similar programs that require 3.5 percent down and payment. If you qualify there are a number of programs and grants that can help with the down payment. With a seller credit for closing costs I have gotten buyers into a home for as little as $1500 out of pocket. For veterans, the VA program has no-down-payment loans available for qualifying military members and veterans that can close with almost no out of pocket money.

Why wait? What’s the worst that could happen if you buy a home now? You’ve already seen it, the 2007 mortgage crisis. It will take generations, if ever, before the government lets the banking systems get that far out of hand again. It is far more likely that home prices will steadily climb as they have been. Americans are getting back to work and leading the global economy out of stagnation. So don’t be blinded to the future by your past experiences. The American population will continue to grow and build families of all types, creating more demand for housing. Don’t view your home as a trading vehicle or a one-way-up investment. Instead, look at the home-ownership benefits that are mostly forgotten by today’s potential homebuyers — the chance to build equity (instead of throwing rent down the drain) and the opportunity to customize your own environment.

That’s what has always motivated Americans to own their own home. And it isn’t going to change in the long run.

If you want to get started or have any questions give a call or send me an email and Debra Westlund (925) 783-2052 and Patrick McCarran will be happy to help you get started, set up an action plan for today or the future.  The time is now give us a call.

Patrick McCarran is a local Realtor and can be reached at (925) 899-5536, pmccarran@yahoo.com or www.CallPatrick.com.

© 2016 Mason-McDuffie Real Estate is an independently owned and operated franchise of Better Homes and Gardens Real Estate LLC. Equal Housing Opportunity.

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